Nashville investment fund heads for New York Stock Exchange

4:26 AM,
Jul. 27, 2013

Written by

Hamlet Fort
| The Tennessean

Nashville-based LocalShares Inc. announced Friday that the nation's first city-centric investment fund - made up entirely of Nashville-based public companies - will begin trading on the New York Stock Exchange starting Aug. 1.

The fund will be listed with the ticker symbol "NASH" and the initial price will be $25 per share.

The exchange-traded fund, an investment model in which assets such as securities and commodities are traded on stock exchanges much like stocks, will allow investment in a portfolio of Nashville public companies. Qualified companies must be based in Nashville, ...